ChinaOil (Japan) Co., ltd. is a fully owned subsidiary of China National United Oil Corporation, registered in Tokyo Japan on May 28th 1997. The company is the only subsidiary of China National United Oil Corporation in north-eastern Asia area for its international business.
The company’s main businesses include:
- Crude oil processing and marketing;
- Trading of crude oil, LNG, refined oil products (gasoline, gasoil, jet fuel, naphtha, LPG, fuel oil and so on), and chemicals;
- Investing and developing facilities relating to oil refinery, storage and tanker business in north-eastern Asia area including Japan and Korea.
Crude oil business
Starting from the agent of Daqing crude's exporting to Japan, Crude oil department has developed with many varieties of business like present Middle East crude oil, African crude oil, the South America heavy crude oil and the crude oil processing.
Its yearly trading volume is over 3 million MTS. It expanded its business rapidly.
The crude oil department bears an important duty of crude oil trade of China oil in North East Asian region.
Refined Products Business
Mainly responsible for the trading negotiation and performance with regard to the business of importing jet, diesel oil and fuel oil from Japan, Korea, Malaysia and Thailand to China, as well as that of exporting gasoline and naphtha from China to Japan, Korea, and Australia etc.. In addition, ship chartering business with regard to import-export and transit of oil products.
Importing an insufficient product and exporting a surplus product contribute to making of the domestic supply and demand balance proper under cooperation with the overseas branch office network including China.
Petrochemical products business
Mainly responsible for purchasing bulk chemicals of bitumen, base oil, propylene, benzene, xylene, isopropyl alcohol, butadiene in Japan, South Korea and Taiwan and importing to China, as well as exporting China chemicals with fertilizer such as urea and sulfur etc. and paraffin wax as the majority to Southeast Asia and East Asia respectively，In addition has the business for refinery coke, PE, PP, ABS resin and synthetic rubber etc.
Ship chartering business
Ship chartering business Responsible for the ship chartering business in North East Asian region with regard to import-export and transit of crude oil, oil products and chemicals.